Mountain View, Oklahoma Property Taxes
The median property tax rate in Mountain View, OK is 0.93%, slightly below both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $40,666 in Mountain View, the typical annual property tax bill amounts to $338, which is significantly lower than the national median of $2,690. Property taxes in Mountain View are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mountain View's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mountain View or another part of Kiowa County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain View, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$378
Ownwell’s Mountain View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain View to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mountain View, Oklahoma
Property taxes in Mountain View, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain View is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Mountain View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain View estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mountain View's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 73062 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Mountain View provides valuable insights into the varying tax landscape across Kiowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mountain View Tax Rate
0.93%
Average Kiowa County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain View, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73062 | 0.45% | 0.74% | 0.93% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Mountain View, Oklahoma
In Mountain View, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kiowa County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Mountain View is $338 in the 73062 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mountain View Assessed Value
$40,666
Average Kiowa County Assessed Value
$46,198
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mountain View, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73062 | $13,552 | $24,832 | $40,666 | $63,637 | $97,351 |
Source: Ownwell
Property Tax Bills Across Mountain View, Oklahoma
In Mountain View, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the local assessor's office and reflects a percentage of the market value of the property. For homeowners in Mountain View, the median home price is $40,666. Property tax bills in this area can vary significantly, with the 25th percentile at $180 and the 75th percentile reaching $576. The 90th percentile tax bill can go as high as $868. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Homeowners in Mountain View pay a lower property tax rate compared to the national median of 0.99%. The highest and lowest median tax bills in the area both stand at $338, indicating some consistency in tax assessments within the 73062 zip code. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Mountain View Tax Bill
$338
Average Kiowa County Tax Bill
$368
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain View, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73062 | $84 | $180 | $338 | $576 | $868 |
Source: Ownwell